Please Need Help Due before 11:55 pm central time
vernic15
valmodovar_project.docxBALANCE SHEET
FOR YEAR 2016
|
Assets |
AMOUNT |
|
|
|
|
Current Assets |
|
|
Properties |
100000 |
|
Cash in hand |
30000 |
|
Prepaid Expenses (insurance) |
3000 |
|
Total Current Assets |
133000 |
|
|
|
|
Fixed Assets |
|
|
Machinery & Equipment |
70000 |
|
Furniture & Fixtures |
47000 |
|
Real Estate / Buildings |
650000 |
|
Total Fixed Assets |
770000 |
|
|
|
|
Total Assets |
900000 |
|
|
|
|
|
|
|
Liabilities & Net Worth |
|
|
|
|
|
Current Liabilities |
|
|
Accounts Payable |
25000 |
|
Taxes Payable |
10000 |
|
Notes Payable (due within 12 months) |
15000 |
|
Total Current Liabilities |
40000 |
|
|
|
|
Long-Term Liabilities |
|
|
Bank Loans Payable (greater than 12 months) |
425000 |
|
Less: Short-Term Portion |
110000 |
|
Total Long-Term Liabilities |
535000 |
|
|
|
|
Total Liabilities |
575000 |
|
|
|
|
|
|
|
Owners' Equity (Net Worth) |
325000 |
|
|
|
|
Total Liabilities & Net Worth |
900000 |
